Lumber prices fell off a cliff in June after climbing that mountain at a record pace during the pandemic. The price plummeted 41.8% last month, from $1,267.50 per thousand board feet June 1 to $737.40 on June 30, according to the Nasdaq website. The steep decline happened after a record high of $1,670.50 on May 7. That was an increase of […]
Nischal Shetty has made a name for himself in India. In the first half of 2021 alone, his crypto business has grown more than 12 times to become the country’s largest digital currency exchange. And now, he’s set his sights on making WazirX India’s first billion-dollar crypto unicorn. But while Shetty is a tech entrepreneur […]
The latest OPEC standoff that is keeping oil prices at lofty levels opens the door for investors to potentially profit from several oil-related stocks, according to Goldman Sachs energy analyst Neil Mehta. Mehta outlined 10 oil stocks he is bullish on in a new piece of research on Tuesday: (1) Occidental Petroleum (OCY); (2) ExxonMobil (XOM); […]
OPEC’s forecasts point to an oil supply deficit in August and in the rest of 2021 as economies recover from the pandemic, suggesting the group and its allies have room to raise output at a meeting this week. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, is returning 2.1 million barrels […]
The S&P 500 and Nasdaq hit new record highs Monday, continuing what appears to be a never-ending rally in U.S. stocks. When will the market crash? Is there a correction brewing, or does the rally have room to run? Year to date, the S&P 500 has gained 14.3% while the Nasdaq and Dow Jones Industrial […]
With just hours to go before the close of June trading, this quarter’s list of best and worst performing commodities is almost final, and a heads-up before you read on: Some of these aren’t your usual A- or Z-listers in raw materials. At the apex of commodity returns for the quarter sits natural gas. The fuel […]
International tourism arrivals are set to stagnate this year, except in some Western markets, causing up to $2.4 trillion in losses, a UN study said on Wednesday, adding the sector is not expected to rebound fully until 2023. COVID-19 (coronavirus) vaccination and certificates are key to restoring confidence in foreign tourism, which provides a lifeline […]
